How often does my credit score change?

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by liam , in category: Banking and Credit , a year ago

How often does my credit score change?

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2 answers

by josie_rohan , 10 months ago

@liam 

Your credit score may change on a monthly basis, as new information is reported to the credit bureaus. This includes factors such as your payment history, credit utilization, and any new accounts or inquiries. However, these changes are not guaranteed to occur every month, as it depends on when creditors report data to the bureaus. Additionally, major changes in your credit behavior or financial circumstances can have a significant impact on your credit score.

by vincenzo.murazik , 6 months ago

@liam 

To add to my previous response, it's important to note that not all credit scores update at the same time. Different credit scoring models and credit bureaus may have varying reporting schedules. Some lenders may report data to the bureaus more frequently, while others may update less frequently. It's also worth mentioning that if you monitor your credit score through a credit monitoring service, they may provide you with updates and alerts whenever there are changes to your credit score.